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Stocks

Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
New World Development’s huge 11 Skies project has yet to fully open. Photo: SCMP
Hong Kong stock market

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet.

China stock market

AI | Chinese chip ETFs pause trading as they warn of soaring premium risks

China stock market

Why are Chinese stock markets hitting record highs ahead of Trump’s visit?

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Banking & finance

Xi-Trump meeting could lift Chinese stocks 12%: Morgan Stanley

‘Moderate’ upside is possible as investors ‘direct attention back to China somewhat’, assuming trade truce is extended, bank says.

A girl sits on The Bund Bull sculpture in Shanghai on April 9, 2025. Photo: AFP
2026 Xi-Trump summit

From ‘Taco’ to ‘Nacho’: Wall Street’s new buzzword as Trump preps for China trip

Traders’ catch-cry ‘Not a chance Hormuz opens’ replaces ‘Trump always chickens out’ as grim predictions swirl over gridlock, oil prices.

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Banking & finance

Wall Street giants lead China-profit surge despite market polarisation

Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown.

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China stock market

As US stocks hit record highs, will investors keep buying or stay diversified?

US equities rally amid easing Middle East tensions, but global investors remain cautious, focusing on diversification and China’s prospects.

American flags fly outside the New York Stock Exchange. Photo: AP
China’s private sector

After accounting overhaul, can Wuliangye share buys restore investor confidence?

Investors welcome Wuliangye’s multibillion-yuan share purchase plan after weak earnings and industry destocking hit sentiment.

Bonds

Chinese household appliance maker Midea seeks US$2.2b from convertible bond sale

Midea looks to tap into the debt market to fund its overseas expansion and boost offshore liquidity amid rising sentiment on the stock.

Hong Kong stock market

Hong Kong stocks hit 2-month high on hopes of Middle East war ending

Media reports of a proposed memorandum of understanding boost hopes of a diplomatic resolution to the US-Israel war on Iran.

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People walk outside the Hong Kong stock exchange in Central. Photo: May Tse
Banking & finance

CK Hutchison’s VodafoneThree exit sparks dividend speculation

Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup.

The divestment will lift CK Hutchison’s profit by 7 per cent, according to analysts. Photo: Sam Tsang
Hong Kong stock market

‘China’s Nasdaq’ nears record high as strong tech momentum buoys Asian stocks

Asia’s stock markets received a boost as US tech giants reported strong results and President Donald Trump signalled more Iran peace talks.

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Hong Kong stock market

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

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United States

Wall Street hesitates, oil prices rise amid uncertainty in Strait of Hormuz

Despite all the uncertainty about how long the war with Iran will last, the US stock market has managed to power to record after record.

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Traders work on the floor of the New York Stock Exchange. Photo: via AFP
Banking & finance

Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

Cross-border trading connections could start with ETFs, says special economic zone’s governor.

A view of the Astana International Financial Centre in Kazakhstan. Photo: Handout
Hong Kong stock market

Ant Group’s bank adds stock trading to Alipay app in Hong Kong

Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.

United States

Wall Street rises towards more records as oil prices slip

The main uncertainty for the global economy is where oil prices will go because of the Iran war.

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China stock market

Chinese property stocks primed for comeback as industry shows signs of turning

Early signs of a recovery present a buying opportunity for property stocks, which have been under pressure since home prices peaked in 2021.

Property models are displayed at the China International Fair for Trade in Services in Beijing on September 14, 2025. Photo: VCG via Getty Images
US, Israel war on Iran

Macroscope | How the AI boom is helping Asia weather the Iran war energy shock

The war in Iran might as well be over for investors as positive sentiment, strong corporate earnings and the AI boom lift Asian markets.

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China stock market

China names Liu Haoling as CSRC deputy amid market stabilisation push

Regulator brings in seasoned official with deep risk and compliance experience amid renewed focus on IPO scrutiny and market stability.

HKEX

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

Earnings jump 27 per cent to HK$5.19 billion as global capital continues to seek safe havens and access to Asian growth: CEO Bonnie Chan.

HKEX recorded its highest quarterly profit, which surpassed the HK$4.9 billion in the third quarter of 2025. Photo: Sun Yeung
Banking & finance

Hong Kong’s IPO lead

Hong Kong has retained its crown as the world’s busiest market for initial public offerings so far this year, helped by offerings from printed circuit board maker Victory Giant and pork producer Muyuan Foods.

Hong Kong’s IPO lead
Hong Kong stock market

China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings

First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins.

Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

Company aims to enhance internationalisation strategy with listing expected to raise up to US$2 billion.

Staff members work on a production line at Inovance in Nanjing, in east China’s Jiangsu province, on March 17, 2026. Photo: Xinhua
Semiconductors

Photonics chipmaker Lightelligence surges 400% in Hong Kong debut amid AI frenzy

Shanghai-based firm’s IPO reflects mainland China’s push for photonics chips as a fast-growing alternative to conventional semiconductors.

Lightelligence says it is the first company to achieve large-scale deployment of hybrid optical-electronic computing globally. Photo: Handout
CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

Semiconductors

Chinese optical chipmaker’s profit soars 1,153% on strong AI demand

Yuanjie Semiconductor Technology’s profit gain matches its elevenfold share price increase over the past year.

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